GOP Eyes Tax Hike on Endowments in Escalation of Ivy League Feud
House Republicans are considering increasing taxes on university endowments, a significant threat to some of the nation's wealthiest schools as President Donald Trump seeks to tighten control over American higher education.
The measure is in a draft of the tax package Republicans are weighing, according to people familiar with the matter who spoke on condition of anonymity to share details on the effort. The proposal would create a tiered system of taxation so that wealthy colleges and universities pay more as the size of their endowment grows, the people said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
33 minutes ago
- Yahoo
1 Megacap Tech Stock That Could Split Its Shares Next
Netflix shares trade significantly higher than the levels they did before the company's last stock split in 2015. The company's business is firing on all cylinders, making this a good time to split shares. Netflix expects double-digit revenue growth and significant operating margin expansion this year. 10 stocks we like better than Netflix › Netflix (NASDAQ: NFLX) stock has recently blown past $1,200 per share, making it hard to believe that shares traded at levels below $200 as recently as May of 2022. And the stock's momentum is strong this year, too. Shares are up about 40% this year alone, defying the market's sluggish return of less than 2% as of this writing. With a combination of a strong business, impressive stock price momentum, and a share price in the thousands, a stock split could be in the cards for the streaming giant soon. Netflix's performance has been stellar. In the first quarter of 2025, revenue rose 12.5% year over year to about $10.5 billion, and earnings per share soared 25.2%. Helping the company achieve such strong earnings-per-share growth is Netflix's widening operating margin. The key profitability metric hit 31.7% in the quarter, up from 28.1% in the year-ago period. The company also reported free cash flow of $2.7 billion, up 25% year over year. Netflix's business growth has been fueled primarily by three key tailwinds: membership growth, price increases, and a fast-growing advertising business. Importantly, the company believes all three of these catalysts have room to run. In its first-quarter update, management reaffirmed its guidance for full-year revenue to increase 11.5% to 14.1% year over year. This growth, management explained, "assumes healthy member growth, higher subscription pricing and a rough doubling of our ad revenue ... " Additionally, management continues to forecast a full-year operating margin of 29%, up substantially from 26.7% in 2024. Netflix hasn't split its shares since 2015. Back then, a 7-for-1 split lowered the stock price from about $700 to $100. Today, the share price is nearly double its pre-split peak. That alone doesn't guarantee a stock split. But historically, splits are more likely when a stock becomes expensive (in terms of the share price) relative to other megacaps and the company is on solid footing. Netflix checks both boxes. There's a sense of déjà vu with Netflix today. Just as has been the case recently for the company, it was experiencing strong subscriber growth, record earnings, and benefiting from strategic catalysts the last time it split its stock. Also strengthening the case for a stock split, Netflix shares currently trade far higher than other tech leaders like Microsoft, Meta Platforms, Apple, and Nvidia. Of course, a stock split would not affect the company's fundamentals, but it would lower the price per share and make Netflix more accessible to retail investors. But it's worth emphasizing that a stock split, in and of itself, isn't a reason to buy a stock. It is, however, often a symptom of strong underlying business momentum -- momentum strong enough to cause investors to bid up the share price to a level worthy of a stock split. It's also worth noting that even though Netflix's business is doing extraordinarily well, investors seem to already be pricing in this momentum. Shares trade at 59 times earnings. All else equal, this valuation multiple will likely come down meaningfully if the company delivers on its revenue growth and operating margin expansion targets for the full year. A combination of double-digit revenue growth and margin expansion should help earnings per share grow dramatically. But with a price-to-earnings multiple well in excess of even fast-growing tech giant Nvidia's, investors seem to be already betting on more staggering growth from the streaming giant. With a surging stock price, impressive revenue growth, and a nascent and fast-growing advertising business, Netflix is a top contender for the next big tech stock split. Though the company hasn't announced plans to split its shares, it's starting to look overdue. Before you buy stock in Netflix, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Netflix wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,395!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $858,011!* Now, it's worth noting Stock Advisor's total average return is 997% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Daniel Sparks and his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple, Meta Platforms, Microsoft, Netflix, and Nvidia. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. 1 Megacap Tech Stock That Could Split Its Shares Next was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
35 minutes ago
- Yahoo
A look back: Mayor Patrick Cannon's path from scandal to second chances
Stories by Charlotte Observer journalists, with AI summarization Patrick Cannon's journey from disgrace to redemption stands out in Charlotte's political history. After his 2014 conviction for taking bribes from undercover FBI agents and serving time in federal prison, Cannon acknowledged his wrongdoing on his radio show, "At the Table with Cannon." He used this platform to publicly apologize and reconnect with the community. Cannon's return to public life included advising aspiring politicians at forums and voicing support for colleagues' campaigns. Ultimately, he filed to run for City Council, telling voters he takes responsibility for his actions and wants a second chance to serve Charlotte. His campaign raises questions about trust, forgiveness, and the challenges of earning redemption in public service. On Wednesday, Patrick Cannon is scheduled to become a free man. | Published January 24, 2017 | Read Full Story Former Charlotte Mayor Patrick Cannon has a new talk-show job. | Published April 12, 2017 | Read Full Story Former Charlotte mayor Patrick Cannon apologized profusely on his new radio show for taking the bribes that sent him to federal 50, was arrested in March 2014, four months into his term, and later pleaded guilty to taking about $50,000 in bribes from federal undercover officers. | Published April 17, 2017 | Read Full Story Former Charlotte Mayor Patrick Cannon, in his first public appearance since being released from federal prison on corruption charges, said Saturday he is focused on being the 'best father, husband and son he can be' – but didn't rule out running for office again.'Anything else is God's will,' Cannon a Democrat, was part of a forum held by the Black Political Caucus for people considering running for public office. | Published May 13, 2017 | Read Full Story Needing a voice over for a campaign radio ad, at-large City Council member Claire Fallon turned to an old colleague: | Published September 14, 2017 | Read Full Story by Steve Harrison When he was convicted, a judge foretold Patrick Cannon's name ought to 'fade into our distant memories' — but this election season may change that. | Published March 4, 2022 | Read Full Story by Will Wright The former mayor is returning to Charlotte politics with a bid for City Council. | Published March 4, 2022 | Read Full Story by Anna Douglas The disgraced former mayor is hoping to make a political comeback. | Editorial | Published March 14, 2022 | Read Full Story by the Editorial Board Patrick Cannon's comments came during a forum with other candidates running for City Council. | Published April 2, 2022 | Read Full Story by Will Wright Find out who's on the ballot and what they stand for. This Q&A is one in a series for The Charlotte Observer's voter guide to 2022 local, county and state elections. | Published April 22, 2022 | Read Full Story The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories listed were reported, written and edited by McClatchy journalists.
Yahoo
35 minutes ago
- Yahoo
Six stunning estates set the new standard for Sacramento luxury homes
Stories by Sacramento Bee journalists, with AI summarization Sacramento's luxury home market features a blend of modern amenities, history, and record prices. A standout is a Granite Bay estate with a 4,000-square-foot indoor basketball court, gym, and entertainer's kitchen. A historic 1880s Folsom Victorian, meticulously restored to preserve its original details, also hit the market. Granite Bay saw its highest sale in years with a Santa Barbara-style home designed for a sports-car collection, boasting a temperature-controlled garage and resort-style outdoor spaces. Downtown living is represented by a spacious Kimpton Sawyer penthouse, offering panoramic city views and VIP Golden 1 Center access, recently selling at a notable auction price. Are the prices for high-end homes in the Sacramento area creeping up? | Published January 4, 2025 | Read Full Story by David Caraccio The luxury condo was owned by ex-eBay CEO Meg Whitman and her husband, a surgeon. | Published April 25, 2025 | Read Full Story by David Caraccio Granite Bay estate hits the high-end market for $5.25 million. | Published February 22, 2025 | Read Full Story by David Caraccio The hypercars were not included. But you can see how a Ferrari or Lamborghini fits in the garage | Published March 24, 2025 | Read Full Story by David Caraccio Guess what sold Ben McLemore on the property. | Published July 22, 2024 | Read Full Story by David Caraccio Italianate Victorian sits on oversized lot just steps away from historic Sutter Street and the American River. | Published November 23, 2024 | Read Full Story by David Caraccio The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories listed were reported, written and edited by McClatchy journalists.
